RBI’s NEW LOAN RECAST SCHEME

Aug. 8, 2020

The Reserve Bank of India (RBI) has cleared a loan restructuring scheme for borrowers under stress because of the pandemic.

About:

In its monetary policy review, the RBI gave the green signal to a loan restructuring scheme for stressed borrowers.
A special window providing one-time loan restructuring to companies and individuals, it will provide relief specifically to those impacted by the Covid-19 pandemic.
The biggest impact will be that banks will be able to check the rise in non-performing assets (NPAs) to a great extent.

Source : Indian Express

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